Where should one buy Gold now ?

The Casino Math behind Mi NNF 10

You might be good at identifying a good stock or a sector but what if it doesn’t turn out well ? What if another stock or a sector starts performing relatively better ? Is your strategy agile enough to dump the sluggish stocks and identify new leaders ?

Below is a chart depicting the performance of all the trades that Mi NNF 10 has taken since going live on 12 Nov 2020 (till 24 Apr 2024)

Some of momentum investing’s core principles that can be evidently validated from this chart are ;

- Winners are allowed to run far while losers are discarded early. The biggest winner has clocked 285% while the biggest loser has returned (-37%). 

- 44% of the trades are loss making while 56% are winners. 

- 76% of the trades fall in this crowded zone of -20% to +20% but the stat that makes the strategy successful is that the average winner returns a healthy +39% while the average loser returns only -9%. 

- This is the casino math that has enabled the strategy to outperform its benchmark by a very healthy margin.

Where should one buy Gold now ?

In this insightful analysis, we’re diving into the gold price trends, specifically in INR. Over the past couple of months, there has been little change in the USD to INR exchange rate, making the gold price chart in both currencies practically identical. What’s fascinating to note is the significant surge in gold prices in India starting from mid-February, right after Valentine’s Day. We’ve seen prices soar from 61,000 per 10 grams to a remarkable 75,000, marking a substantial gain of over 20%.

Large round numbers often trigger certain behaviors among investors. What does this mean?. . . . .

Reading Time : 4 Minutes

The tale of 2 States!

In this intriguing analysis, we’ll explore a fascinating phenomenon observed in the US and Indian markets over the past three years. We’ll delve into the performance of the S&P 500, representing large-cap stocks, and the Russell 2000, which tracks small-cap stocks.

While the S&P 500 has surged by 28%, the Russell 2000 has experienced a downturn of 12%. This disparity has sparked discussions in the US market, attributing the small-cap decline to rising interest rates, which seem to have favored large-cap stocks. . . . .

Reading Time : 3 Minutes

WeekendInvesting Daily Bytes

Nifty opened gap down, aligning with overnight cues, appearing weak initially. The primary cause of this weakness stemmed from RBI action on Kotak Bank, which experienced a significant drop of 10 or 11% in the morning, signaling a potential end to the uptrend of the past four days.

However, within an hour or so, the market reversed its course, posting a substantial intraday gain of over 250, almost 300 points at one juncture. This demonstrated a very strong move for the day, surpassing the barrier set since March. Today’s candle exhibited a bullish, engulfing pattern over the last two days, affirming the continuation of the upward momentum.

Reading Time : 3 Minutes